RBC Capital Reiterates Sector Perform on UiPath, Maintains $29 Price Target
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Hedberg reiterated a Sector Perform rating on UiPath (NYSE:PATH) and maintained a $29 price target.

March 20, 2024 | 3:00 pm
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NEUTRAL IMPACT
RBC Capital maintains a Sector Perform rating and a $29 price target on UiPath, as reiterated by analyst Matthew Hedberg.
The reiteration of the Sector Perform rating and the maintenance of the $29 price target by RBC Capital, as conveyed by analyst Matthew Hedberg, suggests a neutral outlook on UiPath's stock in the short term. This analysis is based on the current market perception and the analyst's view, which does not indicate a significant change in the company's valuation or market position. Therefore, the impact on the stock price is likely to be neutral, reflecting the analyst's continued expectation of performance in line with the sector.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90